Q. Can employees receive reduced annuity at MRA + 10 yrs of service even if they aren’t offered a VERA?

A. VERAs only apply to employees who are age 50 with 20 years of service or are any age if they have 25. On the other hand, if you are a FERS employee, you can retire at your minimum retirement age (MRA) with as few as 10 years of creditable service. The downside is that your annuity would be reduced by 5 percent for every year you were under age 62 (age 60 if you had 20 years of service). You could reduce or eliminate that penalty by postponing the receipt of your annuity to a later date.



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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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